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Dogecoin In Crypto Top 10 Again With $12.2B Market Capt: ‘Bring The Fire,’ Says Analyst

February 17, 2024
Reading Time: 5 mins read
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February 16, 2024 4:54 PM | 2 min learn


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Whereas Shiba Inu (CRYPTO: SHIB) briefly shed one zero from its worth, Dogecoin (CRYPTO: DOGE) at the moment trades 5% beneath its resistance stage of $0.09.

What Occurred: Over the previous week, Dogecoin has gained roughly 5%.

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A dogecoin channel, Crypto Every day Commerce Alerts pointed out in a tweet immediately, Feb.16, “#Dogecoin is about to BLAST-OFF!! We are going to break the $0.09 resistance stage!! Finish of February $0.10 Incoming.”

In one other improvement, horror legend Stephen King criticized Elon Musk for his takeover of Twitter, now branded as X, in 2023.

 

Expensive Elon:
Twitter.
Twitter, Twitter.
Twitter, Twitter, Twitter.
Twitter, Twitter, Twitter, Twitter.
And so forth.
Fuck your have to put your private model on every part.

— Stephen King (@StephenKing) February 15, 2024


Market Rally May Lose Steam Sign Suggests

“I’m nonetheless a inventory market bull,” says Insider Report analyst Gianni Di Poce, “however near-term I believe draw back dangers are elevated…” Seize a duplicate of Gianni’s Insider Report for simply $0.99 and see what he’s shopping for and promoting this week. Click Here to Grab This Limited-Time Offer NOW!


Doge founder Billy Markus replied to the author that he can not apply the outdated identify to the platform purchased by Musk and that it needs to be named as Musk sees match.

In a separate post, DogeDesigner, who claims to be a UX/UI and graphic designer at Dogecoin, suggested the author that “Even this publish of yours exceeds 140 characters. I recommendation you to begin calling it 𝕏.”

Additionally Learn: Dogecoin Climbs Back Above 8 Cents: ‘Expecting 45%-50% Bullish Rally In Case Of Successful Breakout,’ Analyst Says

Why It Issues: Earlier within the week, Dogecoin fell behind Chainlink, shedding its tenth place by market capitalization.

Nonetheless, Dogecoin regained its high 10 place, with a present market cap of $12.2 billion, in comparison with Chainlink’s $11.4 billion.

Primarily based on Whale Alert data, the positive factors in the course of the week have been accompanied by three vital DOGE transactions inside 24 hours on Feb. 13.

The primary transaction of 72.2 million DOGE was transferred from Robinhood to an unknown pockets and the opposite transactions of 150 million DOGE and 100 million DOGE to unknown pockets addresses.

Memecoins have been on a roll within the crypto house with many like Bonk, Dogwifhat, and Pepe pumping and filling investors’ wallets. 

Learn Subsequent: Crypto Analyst Predicts Dogecoin To Kickstart ‘Memeseason’ With A Pump To $0.10

Picture: Shutterstock


“Benzinga’s High Shares to Purchase At this time”

There’s solely two errors you can also make when investing. One isn’t investing in any respect. The subsequent is shopping for the improper shares. Get an edge on which shares to purchase with the Benzinga Insider Report, our greatest weekly inventory report despatched proper to your inbox. Act quick and safe our high inventory picks at an unbelievable low cost! Claim This Limited $0.99 Offer NOW!


© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.



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